St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-12
A RTIcLEs. OF 1NcoRpoRAr1aNs or

N ~
"A ST. Peter Street Improvement COMPANY
Know all men by these presents. That w&
the undersigned do hereby associate. under
and according to the provisions of title 2 81
+ chapter 81, of the General Statutes of the
state of Minnesota. for the purpose of form
Ing corporation as hereinafter stated and
to that end DO hereby adopt the following
articles OF incorporation:
Article 1.-The name of said corporation
shall be 'St. Peter Street Improvement Com.
pany." The general nature of its. business
shall be the buying, owning, improving. sell
ing and dealing In lands, tenements and
Entertainments, real, mixed and personal es-
tate and property; the principal place of
transacting said business shall be the city of
st. Paul, in the county Of Ramsey, and state
of Minnesota =,
Art. 1.-THE time of commencement of
said corporation shall be Oct. 10. 1897 The
period of its continuance shall be thirty
years. -.
Art. III.-The amount of capital stock Of
said corporation shall be $500, 900 the came
shall be paid in cash or i'll lands at such
times and from time to time and in such
manner as the bylaws shall prescribe, pro-
yided that 70 per cent. OF said stock may be
called by the directors on or prior to the lst
day of August, 1888, or in monthly install.
ments Of 10 per cent. Of the amount OF each
subscription, beginning March ], 1888: pro-
vided further, that not more than 30 per
cent. of each subscription shall be called i'll
prior to said LIST day of August, 1883.
Art. IV.-The highest amount of indebted
ness or liability TO which said corporation
shall at any time be subject shall be $780,
900.
Art. V.-The names and places of residence
of the persons forming said association for
incorporation are as follows: J. Royal Nc
Mutran, Henry Hutchinson, John F. Fulton,
T.. j. Hodgson, A. G. Potstethwaite, Daniel
II. McEwen and Henry f. Wedelstaedt, and
they all reside in the city of ST. Paul af0re-
said.
Art. VI.-The names of the first board of
directors of said POrDOrAtiOn are as follows.
J. Royal, McMurran Henry Hutchinson, John
F. Fulton, E. j. HodgsOn, A. G. Postlethwaite
Daniel II. McEwen and Henry Z. Wedel-
staedt. The government of said corporation
and the management of its affairs shall he
vested In board of seven directors, which
shall be composed until the first annual meet
ing of the persons last above mentioned: and
at said annual meeting, which shall be held OH
the second Tuesday of May in each year here
after, such board of directors shall he
elected. The officers of said corporation shall
be president. vice president secretary and
q treasurer, all of whom except the secretary,
shall be stockholders. Until the first annual
meeting j. Royal McMurran shall be pres-
dent, John f. Fulton shall be vice president
and A. G. Postlethwaite shall be treasurer of
said corporation.
Art. VII.-The number of shares in the
capital stock of said corporation shall be
1000, and the amount of each share shall be
800.
In testimony whereof we have hereunto set
our hands and seals this oath day of Septem.
ber A. ID. 1887.
j. ROYALL McMURRAN, fSeal.l
HENRY HUTCHINSON, lSeal.
JOHN F.. FULTON, Seal
E. j. HODGSON, Seal
a. G. POSTLETHWAITE, Seal.
DANIEL H. NcEWEN, ISesl.1
HENRY f. WEDELSTAEDT. fScaI
In presence of
W. r. McMURRAN.
SAML MCMURBAN.